Crime Affecting Growth Prospects of Latin America
Fanny More  |  by uicifd.blogspot.com. All rights reserved. 6.11 | 20:41
Crime Affecting Growth Prospects of Latin America

World bank officials recently stated that high incidence of crime in Latin American countries could be curtailing growth rates of individual countries by as much as 8 percent. Widespread insecurity about crime has forced companies to expend resources on preventing violence, protecting employees and property, as opposed to producing their products.
Widespread crime has also dampened growth by lowering productivity and high school and college graduation rates.

According to World Bank economist Andrew Morrison, who authored a report on crime for the Brazil government, crime often scares off potential domestic and foreign investors. At a time when most developing countries are trying to attract foreign investment, high crime rates can be especially deleterious from an economic standpoint.

Read more on by uicifd.blogspot.com. All rights reserved.
Keywords: Latin American, World Bank
Related news
Post comments
Name
Place
6 + 1 =
Comments